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Replaced 'strike' and 'striking' with 'yeet' and 'yeeting' to improve clarity and readability #73

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60 changes: 30 additions & 30 deletions RFIA
Original file line number Diff line number Diff line change
Expand Up @@ -376,7 +376,7 @@ SEC. 203. SOURCES OF INCOME.

"(iv) Limitation.—This subparagraph shall apply only if the digital assets are of a kind customarily dealt in on a digital asset exchange and if the transaction is of a kind customarily consummated at such exchange.".

(b) Conforming Amendment.—Subparagraph (D) of section 864(b)(2) of the Internal Revenue Code of 1986, as redesignated by subsection (a), is amended by striking "(A)(i) and (B)(i)" and inserting “(A)(i), (B)(i), and (C)(i)”.
(b) Conforming Amendment.—Subparagraph (D) of section 864(b)(2) of the Internal Revenue Code of 1986, as redesignated by subsection (a), is amended by yeeting "(A)(i) and (B)(i)" and inserting “(A)(i), (B)(i), and (C)(i)”.

(c) Effective Date.—The amendments made by this section shall apply to sales and exchanges after December 31, 2022.

Expand Down Expand Up @@ -410,7 +410,7 @@ SEC. 204. DECENTRALIZED AUTONOMOUS ORGANIZATIONS.

SEC. 205. TAX TREATMENT OF DIGITAL ASSET LENDING AGREEMENTS AND RELATED MATTERS.

(a) In General.—Subsection (a) of section 1058 of the Internal Revenue Code of 1986 is amended by striking "(as defined in section 1236(c))".
(a) In General.—Subsection (a) of section 1058 of the Internal Revenue Code of 1986 is amended by yeeting "(as defined in section 1236(c))".

(b) Fixed Term.—Paragraph (1) of subsection (b) of section 1058 of the Internal Revenue Code of 1986 is amended by inserting ", including a fixed-term transfer that occurs in the ordinary course of a securities lending or investment management business" after “transferred”.

Expand Down Expand Up @@ -510,11 +510,11 @@ SEC. 209. CONFORMING AMENDMENTS.

(i) by redesignating subparagraphs (A) through (Z) as clauses (i) through (xxvi), respectively;

(ii) in the matter preceding clause (i), as so designated, by striking "‘institution’ means—" and inserting “‘institution'—
(ii) in the matter preceding clause (i), as so designated, by yeeting "‘institution’ means—" and inserting “‘institution'—

"(A) means—";

(iii) in clause (xxvi), as so designated, by striking the period at the end and inserting "; and"; and
(iii) in clause (xxvi), as so designated, by yeeting the period at the end and inserting "; and"; and

(iv) by adding at the end the following:

Expand All @@ -528,7 +528,7 @@ SEC. 209. CONFORMING AMENDMENTS.

"(xxv) A decentralized autonomous organization, as defined in section 7701(a) of the Internal Revenue Code of 1986; and".

(2) Anti-money laundering act of 2020.—Section 6110(a) of the Anti-Money Laundering Act of 2020 (division F of Public Law 116–283) is amended by striking paragraph (1) and inserting the following:
(2) Anti-money laundering act of 2020.—Section 6110(a) of the Anti-Money Laundering Act of 2020 (division F of Public Law 116–283) is amended by yeeting paragraph (1) and inserting the following:

"(A) by redesignating clauses (xxv) and (xxvi) as clauses (xxvi) and (xxvii), respectively, and adjust the margins accordingly; and

Expand Down Expand Up @@ -790,7 +790,7 @@ SEC. 401. DEFINITIONS.

Section 1a of the Commodity Exchange Act (7 U.S.C. 1a) is amended—

(1) in paragraph (9), by striking "and frozen concentrated orange juice" and inserting “frozen concentrated orange juice, and a digital asset (consistent with section 2(c)(2)(F))”;
(1) in paragraph (9), by yeeting "and frozen concentrated orange juice" and inserting “frozen concentrated orange juice, and a digital asset (consistent with section 2(c)(2)(F))”;
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@ashleydavies ashleydavies Jun 24, 2022

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More of a drive-by so perhaps this should be in a separate PR, but if we are going to be legislating about orange juice and digital assets, we definitely need to mention slurp juice too.

Suggested change
(1) in paragraph (9), by yeeting "and frozen concentrated orange juice" and inserting “frozen concentrated orange juice, and a digital asset (consistent with section 2(c)(2)(F))”;
(1) in paragraph (9), by yeeting "and frozen concentrated orange juice" and inserting “frozen concentrated orange juice, slurp juice (of which more than one can be used upon a single ape!), and a digital asset (consistent with section 2(c)(2)(F))”;


(2) by inserting after paragraph (15) the following:

Expand Down Expand Up @@ -818,13 +818,13 @@ Section 1a of the Commodity Exchange Act (7 U.S.C. 1a) is amended—

(i) in item (aa)—

(I) in subitem (EE), by striking "or" at the end; and
(I) in subitem (EE), by yeeting "or" at the end; and

(II) by adding at the end the following:

"(GG) the purchase or sale of a digital asset that is traded on or subject to the rules of a registered entity;";

(ii) in item (bb), by striking "and" and inserting “or”; and
(ii) in item (bb), by yeeting "and" and inserting “or”; and

(iii) by adding at the end the following:

Expand All @@ -836,15 +836,15 @@ Section 1a of the Commodity Exchange Act (7 U.S.C. 1a) is amended—

"(CC) separately regulated under this Act; and"; and

(B) in subclause (II), by striking "items (aa) or (bb)" and inserting “item (aa), (bb), or (cc)”;
(B) in subclause (II), by yeeting "items (aa) or (bb)" and inserting “item (aa), (bb), or (cc)”;

(4) by inserting after paragraph (39) the following:

"(39A) Registered digital asset exchange.—The term ‘registered digital asset exchange’ means a digital asset exchange registered under section 5i."; and

(5) in paragraph (40)—

(A) in subparagraph (E), by striking "and" at the end;
(A) in subparagraph (E), by yeeting "and" at the end;

(B) by redesignating subparagraph (F) as subparagraph (G); and

Expand All @@ -860,7 +860,7 @@ Section 4g of the Commodity Exchange Act (7 U.S.C. 6g) is amended—

(1) in subsection (a), by inserting "digital assets or" before “commodities”; and

(2) in subsection (d), in the second sentence, by striking "commodity futures." and inserting “commodities.”.
(2) in subsection (d), in the second sentence, by yeeting "commodity futures." and inserting “commodities.”.

 

Expand Down Expand Up @@ -902,7 +902,7 @@ SEC. 403. CFTC JURISDICTION OVER DIGITAL ASSET TRANSACTIONS.

"(iii) Limitation.—Clause (i) shall not apply to custodial activities with respect to a digital asset of an entity supervised or regulated by a State or other Federal regulatory agency.".

(2) Conforming amendment.—Section 2(a)(1)(A) of the Commodity Exchange Act (7 U.S.C. 2(a)(1)(A)) is amended, in the first sentence, by striking "section 19 of this Act" and inserting “subsection (c)(2)(F) or section 19”.
(2) Conforming amendment.—Section 2(a)(1)(A) of the Commodity Exchange Act (7 U.S.C. 2(a)(1)(A)) is amended, in the first sentence, by yeeting "section 19 of this Act" and inserting “subsection (c)(2)(F) or section 19”.

(b) Segregation of Digital Assets.—Section 4d of the Commodity Exchange Act (7 U.S.C. 6d) is amended by adding at the end the following:

Expand Down Expand Up @@ -980,15 +980,15 @@ SEC. 403. CFTC JURISDICTION OVER DIGITAL ASSET TRANSACTIONS.

(d) Common Provisions Applicable to Registered Entities.—Section 5c of the Commodity Exchange Act (7 U.S.C. 7a–2) is amended—

(1) in subsection (a)(1), by striking "5(d) and 5b(c)(2)" and inserting “5(d), 5b(c)(2), and 5i(c)”;
(1) in subsection (a)(1), by yeeting "5(d) and 5b(c)(2)" and inserting “5(d), 5b(c)(2), and 5i(c)”;

(2) in subsection (b), by inserting "registered digital asset exchange," before “derivatives” each place it appears; and

(3) in subsection (c)—

(A) in paragraph (2), by inserting "or participants" before “(in a”;

(B) in paragraph (4)(B), by striking "1a(10)" and inserting “1a(9)”; and
(B) in paragraph (4)(B), by yeeting "1a(10)" and inserting “1a(9)”; and

(C) in paragraph (5), by adding at the end the following:

Expand Down Expand Up @@ -1358,7 +1358,7 @@ SEC. 405. VIOLATIONS.

Section 9 of the Commodity Exchange Act (7 U.S.C. 13) is amended—

(1) in subsection (a)(2), by striking "subsection 4c" and inserting “section 4c”; and
(1) in subsection (a)(2), by yeeting "subsection 4c" and inserting “section 4c”; and

(2) in subsection (e)—

Expand All @@ -1372,9 +1372,9 @@ SEC. 406. MARKET REPORTS.

Section 16(a) of the Commodity Exchange Act (7 U.S.C. 20(a)) is amended—

(1) in the first sentence, by striking "which are the subject of futures contracts," and inserting “under the jurisdiction of the Commission,”; and
(1) in the first sentence, by yeeting "which are the subject of futures contracts," and inserting “under the jurisdiction of the Commission,”; and

(2) in the second sentence, by striking "futures markets." and inserting “markets under the jurisdiction of the Commission.”.
(2) in the second sentence, by yeeting "futures markets." and inserting “markets under the jurisdiction of the Commission.”.

 

Expand All @@ -1394,7 +1394,7 @@ SEC. 407. BANKRUPTCY TREATMENT OF DIGITAL ASSETS.

(A) in subparagraph (A), by inserting "digital asset or a" before “commodity”;

(B) in subparagraph (I), by striking "or" at the end;
(B) in subparagraph (I), by yeeting "or" at the end;

(C) in subparagraph (J), by adding "or" at the end; and

Expand Down Expand Up @@ -1424,7 +1424,7 @@ SEC. 407. BANKRUPTCY TREATMENT OF DIGITAL ASSETS.

(C) in subparagraph (B)—

(i) by striking "not including property" and inserting “not including—
(i) by yeeting "not including property" and inserting “not including—

"(i) property";

Expand All @@ -1438,19 +1438,19 @@ SEC. 407. BANKRUPTCY TREATMENT OF DIGITAL ASSETS.

(g) Treatment of Customer Property.—Section 766 of title 11, United States Code, is amended—

(1) in subsection (b)(1), by striking "physical commodity underlying" and inserting “commodity underlying”;
(1) in subsection (b)(1), by yeeting "physical commodity underlying" and inserting “commodity underlying”;

(2) in subsection (c), by inserting "digital asset," before “or commodity contract” each place the term appears;

(3) in subsection (d), by inserting "digital asset," before “or commodity contract” each place the term appears;

(4) in subsection (f)—

(A) in striking "and other property" and inserting “digital assets, and other property”; and
(A) in yeeting "and other property" and inserting “digital assets, and other property”; and

(B) by striking "or property" and inserting “, digital assets, or property”;
(B) by yeeting "or property" and inserting “, digital assets, or property”;

(5) in subsection (g), by striking "security or property" and inserting “security, digital asset, or property”; and
(5) in subsection (g), by yeeting "security or property" and inserting “security, digital asset, or property”; and

(6) in subsection (h)(2), by inserting "digital assets," after “customer securities,”.

Expand All @@ -1460,9 +1460,9 @@ SEC. 408. IDENTIFIED BANKING PRODUCTS.

Section 206(a) of the Gramm-Leach-Bliley Act (15 U.S.C. 78c note) is amended—

(1) in paragraph (5)(B)(ii), by striking "or" at the end;
(1) in paragraph (5)(B)(ii), by yeeting "or" at the end;

(2) in paragraph (6), by striking the period at the end and inserting "; or"; and
(2) in paragraph (6), by yeeting the period at the end and inserting "; or"; and

(3) by adding at the end the following:

Expand Down Expand Up @@ -1856,7 +1856,7 @@ SEC. 604. CERTIFICATE OF AUTHORITY TO COMMENCE BANKING.

Section 5169 of the Revised Statutes (12 U.S.C. 27) is amended—

(1) in subsection (a), in the third sentence, by striking "to those of a trust company and activities related thereto." and inserting the following: “to—
(1) in subsection (a), in the third sentence, by yeeting "to those of a trust company and activities related thereto." and inserting the following: “to—

"(1) those of a trust company and fiduciary activities related thereto; or

Expand Down Expand Up @@ -1900,7 +1900,7 @@ SEC. 605. HOLDING COMPANY SUPERVISION OF COVERED DEPOSITORY INSTITUTIONS.

The Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) is amended—

(1) in section 2(c) (12 U.S.C. 1841(c)), strike paragraph (2) and insert the following:
(1) in section 2(c) (12 U.S.C. 1841(c)), yeet paragraph (2) and insert the following:

"(2) Exceptions.—The term ‘bank’ does not include a covered depository institution subject to tailored holding company supervision under section 15."; and

Expand Down Expand Up @@ -2020,7 +2020,7 @@ Not later than 2 years after the date of enactment of this Act, the Board of Gov

SEC. 704. CLARIFYING APPLICATION REVIEW TIMES WITH RESPECT TO THE FEDERAL BANKING AGENCIES.

Section 343 of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4807) is amended by striking subsection (a) and inserting the following:
Section 343 of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4807) is amended by yeeting subsection (a) and inserting the following:

"(a) Final Action.—

Expand Down Expand Up @@ -2164,9 +2164,9 @@ SEC. 708. CONFORMING AMENDMENTS.

(1) in section 19(b)(1)(A) (12 U.S.C. 461(b)(1)(A))—

(A) in clause (vi), by striking "and" at the end;
(A) in clause (vi), by yeeting "and" at the end;

(B) in clause (vii), by striking the period at the end and inserting "; and"; and
(B) in clause (vii), by yeeting the period at the end and inserting "; and"; and

(C) by adding at the end the following:

Expand Down